June 24, 2010

Economic Transition: From Command Economy to Capitalist Economy

IS RUSSIA IN DECLINE?
In this video, Pareg Khanna makes the case that while Russia may appear to be strong in the short term, there are a number of factors that suggest that there is potential for Russian Economic decline in the long term.

As we have already observed in both India and China there appears to be a familiar pattern of increasing economic disparity between the rich and poor in Russia and the potential for a populist backlash is possible.

DOES A NEW TOMORROW FOR RUSSIA LIE WITH ITS YOUTH?
The youth in Russia today, those who have grown up in a free-market economy and are distanced by time from the vestiges of the commend economy that ruled the lives of their parents and grandparents appear to be where the hope for a new tomorrow in Russia.

RUSSIA’S ECONOMIC TRANSITION: QUESTIONS TO CONSIDER

How have the vestiges of Imperial/Tsarist and Totalitarian/Soviet rule influenced the Economy in Russia over the past two decades?

Can Putin’s Autocratic rule impose its will on the economy to continue to deliver the growth required to appease the average Russian Citizen?

Will social unrest boil over as a result of the increasing disparity between rich and poor in Russia?

Will Russia’s dependence on oil as the primary source of economic stability undermine the development of a more resilient and diversified economy?

How do the youth in Russia see the economy of the country unfolding over the next 20 years?